iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,445 Blog Posts

Bears Scream Uncle into the Bell

Uncle Fucker and his clan of rich robots, gave the bears 0’s and 1’s today, until their heads fell off. In cartoonish fashion, CNBC donkey punched stories of “recovery,” all fucking day, which in turn created a state of panic amidst misdirected bearshitters.

The aristocracy on Wall Street, headlined by the likes of great men, such as JOE TERRANOVA, BILL MILLER and LAWRENCE KUDLOW, were probably busy shining the shoes of Goldman’s robots, all day long—without the luxuries of lunch or bathroom breaks. Thanks to the control freaks at Goldman, the market is making people “rich as fuck” again. Seriously, if you missed out on this rally, due to your misguided agenda, stop managing money, immediately. If you are a financial blogger and missed this rally, shut it the fuck down now, coffin stuffer.

“The Fly” is all about being right, whether in a game of chess, watching gameshows or playing the stock market. He does not fuck around and does not like to waste time helping bath tub scrubbers make money. He blogs, frankly, because he can. That’s all, nothing more to say.

I sold some stocks today, raising my cash levels. And, I bought a block of 100k Alcatel-Lucent (ADR) [[ALU]] , in order to ride the coattails of STAR‘s pending earnings release. Aside from all of that, I intend to eat a fucking monstrous 2 1/2 inch thick cowboy cut rib eye this evening, heavily salted, lightly peppered.

If you enjoy the content at iBankCoin, please follow us on Twitter

44 comments

  1. Aristotle

    le Fly est Dieu

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. RaginCajun

    nice wins!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. chivo

    Fuckin right.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. the goat

    sir fly, you will soon rule the world!!!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. dave

    Fly,

    You need a graphic of chicks praying to the Goldman Sachs HFT Computer god.

    Speaking of computers, don’t fuck with them.

    http://www.youtube.com/watch?v=uA4iPFsEW0I&feature=related

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. ZenProfit

    When FTK goes over 3.00, there will be no talking to The Fly any longer.

    He will be in another Universe.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. The Sandman

    Bears hit be The Fly fucking swatter. May I suggest some faba beans and chianti with the rib eye.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. Kiwin

    In unrelated news: Mark Buehrle throws himself a perfect game, which is pretty fucking sweet.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. Fook

    I love you fucking haters.

    Scurrying into the cracks and vanishing at the sight of white robes and sandals, only showing your snide little faces when you can catch a quick jab at someone’s ankles.

    Nice win today, Fly.

    Also note that CA knocked it to the moon today.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  10. Nasdaq 10k

    First thing tomorrow i buy some more stocks.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  11. stars upon thars
    stars upon thars

    Starent Networks reports Q2 EPS 20c vs. consensus of 17c
    Reports Q2 revenue $78.3M vs. consensus of $76.02M.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • JakeGint

      LOL, great name.

      It’s a shame Sylvester McMonkey McBean didn’t have faith in his STAR-off machine.

      _________

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  12. Scully

    Bought 3K MSFT @ 23.38

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  13. JakeGint

    “The Fly” is all about being right, whether in a game of chess, watching gameshows or playing the stock market.

    I will hammah your arse (sic) in a game of Jeopardy!, Trebeck.

    _______

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  14. Anonymous

    Looks like the bears have broken through the cage that the bulls built for them

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  15. 308

    for tha after hours-ers…

    Citigroup coming out now on Charles Schwab Corp (SCHW)
    Lowering to 2M on Short-Term Headwinds
    Lowering to Hold – We are reducing our rating on SCHW from Buy to Hold
    Target to $18 from $22

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  16. 308

    and on AMZN:
    Neutral First Take on Q2: In-Lineish Rev, Positive Margin Trends
    Our First Pass Take Is Neutral – Revenue results were reasonable – tho market
    was looking for upside in wake of eBay results. Flat Y/Y North America Media
    growth is an issue. But gross and operating margin trends were clear positives.
    Our bias is that Street numbers are likely to go up modestly on these results

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  17. Generational BOTTOM Picker
    Generational BOTTOM Picker

    Steaks SUCK. Try some filet of sole or flounder stuffed with crabmeat.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • The Fly

      blasphemy

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • JakeGint

        I have to go w. the aging hippie on this one.

        Dover Sole rocks the house, Sylvester.

        ______

        • 0
        • 0
        • 0 Deem this to be "Fake News"
        • j

          Yep

          Dover sole is the best. That’s what our flounder is like here at around 10 bucks a kilo. 5 bucks a pound give or take.

          • 0
          • 0
          • 0 Deem this to be "Fake News"
          • JakeGint

            That’s a good price, considering you have to fight the sharks for it.

            ____

            • 0
            • 0
            • 0 Deem this to be "Fake News"
          • The_Real_Hmmm

            Using my seemingly endless talents, I made a killer seared yellowfin tuna dish last night. The tuna was $22/lb at Wegman’s. THAT’s the filet mignon of fish.

            • 0
            • 0
            • 0 Deem this to be "Fake News"
  18. Da_bears

    Well how about being short into the close. New lows on rotue and bears maybe slaughter in market but after hours its all them. Predicting a massive sell off

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Generational BOTTOM Picker
      Generational BOTTOM Picker

      Try Da English Lessons and post at 3:50 instead of 5:03 if you are so sure.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • Da_bears

        Notice my first time posting in a while. This is a call for prices to be below 900 SPX. and eventually low 800s. Can’t call new lows from this IT top but very well could be. I will call for 100 point SPX drop though

        • 0
        • 0
        • 0 Deem this to be "Fake News"
  19. Juiceyfruit

    http://gawker.com/5320682/how-cnbc-dennis-kneale-begged-for-blogger-bile

    If half the rumors about Dennis Kneale are true, the CNBC host has good reason to fear bloggers and curse them on air. So why is he telling people privately that he manufactured his feud with bloggers for buzz?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  20. bigpun2012

    KILLCOPS SMOKE WEED BANK COIN

    IBC 4 LYFE

    Im getting an IBANKCOIN tattoo

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  21. JakeGint

    High production values in my latest movie epic: Jake Takes DPeezy to Lunch!

    (Thanks to DPeezy for stepping in for our smelly hippy actor who callled in sick with the bong gout.)

    _______

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  22. Big_BUCK

    Le FLY – you want to make some money buy AVM on the TSX…..

    first of many to come

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  23. heaterman

    Interesting chart and commentary on how broadly based the Nasdaq rally really is. No you idiots I’m not saying the rally is based on a broad…..It’s broadly based. There is a difference. Get your mind out of the gutter………

    http://www.ritholtz.com/blog/2009/07/not-many-stocks-powering-the-rally/

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  24. dave

    Maximum PBGC pension payout is $2025/month

    This is a huge deal for former salaried retirees who put in 30 years and rely on pensions for income as a lot of old economy industrial companies fail. Underfunded pensions are another great Ponzi scheme.

    http://online.wsj.com/article/SB124839011482077421.html#mod=rss_whats_news_us_business

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  25. 308

    For what it’s worth, Citi on a few things tonight:

    Upping Price Targets on POT & MOS; Maintain Buy
    “What Are the Stocks Telling Us? – Today POT & MOS reported two of the worst
    quarters in memory and the stocks rallied 8% and 6%, respectively. This is a
    classic sign of a cyclical bottom! The market had already factored in ~40% Y/Y
    decline in potash applications and ~30% in phosphate. Essentially, investors are
    conferring higher PE multiples on depressed fertilizer earnings. Conversely,
    investors applied very low multiples a year ago to much higher earnings. Looking
    at the LT, we believe it is better to buy these stocks when operating rates are close
    to 40%, where they are today, rather than when rates are closer to 90%.”
    MOS target to $62 from $50
    POT target to $115 from $106

    ETFC: “We are raising our rating from Sell to Hold and increasing our PT to $1.50”

    AMZN: Reiterate Buy & keep $100 target.
    Risks remain inherently high valuation, possible U.S. sales taxissues, and potential “Media Hole” in growth profile. But positives outweigh.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  26. ryan

    No way dood! I am not shutting down. I missed this rally, but I aint frickin crawling to the corner.

    • 0
    • 0
    • 0 Deem this to be "Fake News"